NEWS

25.09.07
ICMM updates Intergovernmental Forum on Resource Endowment initiative

The 2007 Intergovernmental Forum of Mining, Minerals, Metals and Sustainable Development meeting was held in Geneva on 17-19 September.

Dr Supachai Panitchpakdi, Secretary-General of UNCTAD, opened the meeting and noted that the 2007 World Investment report focusing on FDI and the Extractive Industries, would be released on 16 October. Transparency International has been collaborating with UNCTAD in the preparation of the report.

ICMM's Kathryn McPhail, participating as a member of the UK delegation, updated the Forum on the progress of ICMM's Resource Endowment initiative. The session focussed on the positive economic impacts that mining can have. It also included contributions from the World Bank Group, Anglo American and Golden Dragon.

The Forum has 38 participating governments as members. The donors that have supported the Global Dialogue Process include the United Nations Conference on Trade and Development (UNCTAD), the United Nations Department of Economic and Social Affairs (UNDESA), the United Kingdom's Department of International Development, and Canada's Department of Foreign Affairs and International Trade.

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Resource Endowment initiative - second multi-stakeholder workshop
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SUSTAINABLE DEVELOPMENT FRAMEWORK

Principle 09:

Contribute to the social, economic and institutional development of the communities in which we operate

Principle 01:

Implement and maintain ethical business practices and sound systems of corporate governance.

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